Global retailing news

24 October 2016
Walmart China has launched a flagship store on JD.com and revealed two strategic investments in Dada, a logistics and grocery O2O e-commerce platform, and China food safety research. Walmart opens flagship store on JD.com Walmart has opened its flagship online store on JD.com to deliver imported products to mainland China’s consumers. Drawing on JD.com’s logistic network, Walmart online...
21 October 2016
SPAR China had its first congress in Weihai, Shandong province in Northern China, demonstrating the freshness, choice, value and service to its Chinese and international partners. The fifth among global SPAR Partners with robust growth SPAR China reported a €1.9bn turnover in the 2015 results, at 6.8% year-on-year growth. Investment continues not only in retail with 360 stores trading today...
20 October 2016
Japan’s largest retailer Seven & i has reported a 0.6% decrease in total stores sales to JPY 5,280bn (US$51bn), with net income dipping 51% to JPY33bn (US$0.3bn). Domestic convenience stores remain robust Seven-Eleven Japan, which operates the group’s convenience store chain, continues its strong performance in the domestic market. It has registered total store sales of JPY 2,286bn (US$22bn...
20 October 2016
As the first SPAR China Congress opens, underlining the retailer’s growth in that key market, we look at developments from operators in India, Croatia, Hungary and the Netherlands. SPAR to grow in focus market of India As part of the opening ceremony of its fourth store in Hyderabad and 18th overall, SPAR Hypermarkets’ managing director, Rajeev Krishnan, has set out the retailer’s short te...
19 October 2016
GS Retail, Korea's leading retailer, is planning to expand its business in Indonesia, as part of a globalisation strategy to find new growth engines outside Korea. Draw on synergy of other group business GS Retail is part of Korea’s conglomerate GS Group who aims to expand its energy and construction operations, together with retail to Indonesia. The group has already established its pr...
19 October 2016
Coles Liquor Group has opened a new format store under the name of Liquor Market in Melbourne. New big box format focused on simplified range and value The new 1,000 sq m store is located in Ringwood, a suburb to the east of Melbourne and is the latest development by Coles in its attempt to turnaround the performance of its liquor operation. The size of the store means that it is more l...
19 October 2016
Carrefour has reported third quarter sales of EUR21.8bn, up 3.6% excluding petrol. Improvements at large stores in France Carrefour's like-for-like sales were up 1.2% in Q3. Hypermarket sales fell 1.0% although this is an improvement compared to the second quarter. Like-for-like sales increased at supermarkets and convenience. Carrefour continues to transform the DIA stores. It re-opened 12...
19 October 2016
Metro Group saw total sales fall 0.5%, to €14.2 bn, affected by negative currency and portfolio effects, noting that in local currency terms they rose by 0.2% during the fourth quarter. In like-for-like terms they increased by 0.1%. The group’s performance was boosted by its food-focused Cash & Carry and Real division, which offset weaker results at its consumer electronics division. Sequentia...
17 October 2016
Japanese retailer Lawson has revealed its financial results for the first half of 2016, with net sales increasing to JPY1,076bn (US$10.3bn), up 4.5% from previous year, and operating profit dropping by 5% to JPY 39.9bn (US$0.38bn). Domestic convenience store business Lawson’s domestic convenience store business posts operating revenue of JPY213bn (US$2.1bn), up 5.4% from previous year. With...
17 October 2016
Chinese retailer Lianhua Supermarket has warned that its net loss for the nine months ended 30 September 2016 is expected to increase by approximately 20% to 40% compared to same period last year. Tough trading environment The expected increase in loss is mainly due to the shrinking market demand and intensified competition of online and offline retailers, which has led to a decrease in the...